Running a bitcoin miner has been made affordable, open and simpler with the bitaxe gamma available from hashrate.co.za To keep it running and your chances of lucking out on the current 3.125 BTC block reward + transaction fees…how much will it cost? The Bitcoin Gamma 601 consumes 17W per hour So if it runs for […]
Category: bitcoin
At the time of writing a iPhone 14 256 GB costs: R23999 A third party know as the State – who rules by decree but does no work – steals a portion of every transaction in South Africa. How much the SA State steals from the Consumer? To buy a R23999 iphone – one needs […]
So how long does it take… The machine The machine I am using for my bitcoin node is a raspberry pi 4 8GB. It is used solely for bitcoind mainnet and bitcoind testnet. I am using a external hard drive that is 1TB in size and is formatted to ext4. The Network and Theory Calculations […]
In this post I will tell you how to run a mainnet and testnet bitcoin node simulataneously on the same device. Bitcoin Conf Sections It boils down to splitting out the bitcoin.conf into sections: [main] mempoolsize=300 maxconnections=20 maxuploadtarget=144 txindex=1 [test] mempoolsize=100 maxconnections=20 maxuploadtarget=144 txindex=1 Then adding an additional systemd (or any other service manager you […]
Pragmatic Application Before jumping into the theory I like to understand it practically in the real world. The best tool for this is setting up (and printing) a paper wallet. Do not send bitcoin to the paper wallet yet, we are only trying to grasp the wallet idea Go to either of: https://bitcoinpaperwallet.com/ https://walletgenerator.net/?currency=Bitcoin You […]